Scott Horsley
Stories
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Business
Congress has less than a decade to fix Social Security before it runs short of cash
Social Security benefits are facing an automatic cut in less than 10 years unless changes are adopted. The report from Social Security trustees predicts the fund will be exhausted in November of 2033.
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Politics
The clock is ticking to fix Social Security as retirees face automatic cut in 9 years
Social Security's finances have improved slightly in the last year. But the popular retirement program still faces big challenges including the threat of automatic benefit cuts in less than a decade.
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Business
People say they worry about inflation. Their restaurant spending might show otherwise
Restaurant earnings and pricing tell us the economy is still troubled by inflation but not badly enough for consumers to give up eating out.
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National
Hiring slowed in April, but economists say the job market is still solid
U.S. employers added 175,000 jobs in April. That's the smallest number in six months. A gradual cooling of the job market may help to ease concerns about inflation.
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National
Getting inflation below the Fed's 2% goal is taking longer than expected
The Federal Reserve held interest rates steady, and investors now think borrowing costs could stay higher for months to come. Inflation remains stubbornly above the Fed's 2% target.
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Politics
Fed keeps interest rates at 23-year high
The Federal Reserve held interest rates steady Wednesday, as inflation remained stubbornly above the Fed's 2% target. Investors now think it could be September or later before rates start to fall.
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Politics
With mixed economic signals, the Federal Reserve is likely to stand pat on rates
The Federal Reserve is expected to hold interest rates steady this week — and possibly for months to come — as policymakers try to sort through mixed signals about the U.S. economy.
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National
The U.S. economy slowed down in the first three months of 2024, report shows
The U.S. economy grew more slowly than expected in the first three months of the year. But consumers are still spending money — especially on services such as travel and restaurant meals.
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National
The disconnect between facts and feelings when it comes to voters and the economy
Why is there a disconnect at times between good news about the economy, and how voters actually feel about the economy? And how is that likely to play out in the 2024 election?
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Business
Inflation is more stubborn than expected this year. One reason is rising rents
Rental prices have been leveling off across the country, but you wouldn't know that from the official inflation statistics.